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BASIS ID REVIEW

Identity Management Software

No user reviews
USER SATISFACTION 92%
OUR SCORE 8.0

What is BASIS ID?

BASIS ID is an identity verification and management platform built to accelerate the onboarding process of their customers by automating and streamlining KYC/AML (Know Your Customers/Anti Money Laundering) procedures, enabling users to quickly know the risk level of their customers and potential clients. Aimed towards companies that offer financial products and services, BASIS ID can perform KYC/AML checks on customers from over 90 countries and is ready to go in five minutes or less.

With BASIS ID, users can increase their conversion rate. The software delivers powerful and optimized KYC experiences for users based on prevailing legislation and best practices. On top of that, BASIS ID’s infrastructure is compliant with international AML standards such as FINMA, MAS, HKMA, GDPR, SEC, FCA, and FinCEN regulations and guidelines.

Overview of BASIS ID Benefits

Due Diligence Guaranteed

BASIS ID optimizes the onboarding process of your company by creating KYC and AML workflows based on prevailing legislation and compliance policies and industry standards. You will know everything you need about your customers’ AML risk level, helping you make crucial decisions and actions. Trusted by financial services providers and fintech institutions, BASIS ID gives you professional advice on your customers and potential clients as well as your financial product.

Eliminate Manual Verification

You don’t have to hire external verification agents and spend precious time and money validating your customers’ information. You can delegate the whole verification process to BASIS ID and free yourself from the trouble of determining whether your customers are a huge risk or not. The software performs a worldwide check on your customers, validating and filtering every account. It also immediately implements mitigation procedures when specific triggers are activated.

Increase Conversions

BASIS ID automatically identifies and follows up on customers who are lacking sufficient evidence in their initial application. This functionality empowers your customers to comply with your requirements, thus, improving your conversion rate. It improves customer retention as well.

Overview of BASIS ID Features

  • Compliant Worldwide
  • Flexible KYC Settings
  • Ongoing Screening
  • Consent to Data Processing
  • Data Storage & Localization
  • Breach Notification
  • Secure Data Storage
  • Data Encryption
  • Third-Party Testing
  • Vulnerability Control

What Problems Will BASIS ID Solve?

Scenario 1: BASIS ID has a main provision of know your customer (KYC) services for FinTechs, banks, sharing platforms, and payment systems. They provide a service in full compliance with regulations. Furthermore, BASIS ID offers legal support. 

Scenario 2: Financial institutions suffer from dynamic regulatory changes such as eKYC guidelines, anti-money laundering laws and data protection regulations country by country. BASIS ID allows full compliance with regulations of the onboarding CDD and AML procedures worldwide.

Scenario 3: For sponsoring regulated institutions (e-money issuers and bin sponsors), BASIS ID can be used to ensure your FinTech is effectively complying with regulations and corporate policies.

Awards & Quality Certificates

Award
Award

BASIS ID Position In Our Categories

Position of BASIS ID in our main categories:

50

BASIS ID is one of the top 50 Identity Management Softwareproducts

50

BASIS ID is one of the 50
Identity Management Software products


If you are considering BASIS ID it may also be beneficial to check out other subcategories of Best Identity Management Software listed in our base of B2B software reviews.

There are well-liked and widely used applications in each software category. But are they necessarily the best fit for your company’s unique wants? A popular software solution may have thousands of customers, but does it present what you need? For this reason, do not blindly shell out for popular systems. Read at least a few BASIS ID reviews and think about the aspects that you wish to have in the software such as the cost, main tools, available integrations etc. Then, select a few solutions that fit your requirements. Check out the free trials of these products, read online opinions, get clarifications from the seller, and do your investigation thoroughly. This profound research is certain to help you choose the most excellent software application for your organization’s unique requirements.

How Much Does BASIS ID Cost?

BASIS ID Pricing Plans:
Free trial
Starter
$2/user/month
Scale
$5/user/month

BASIS ID offers the following basic and enterprise pricing options:

Starter – $2/user/month

  • Verification of Identity documents verification
  • Liveness check and Biometrics
  • GDPR consent widget
  • Privacy Policy & Cookie Policy Documents
  • Fraud Detection
  • Blacklists and Sanctions Screening
  • AML Risk Scoring
  • Phone verification
  • Address Validation
  • Ongoing Monitoring

Scale – $5/user/month

  • All Starter features and add-ons
  • Total legal responsibility
  • Bulk uploading and verification
  • Dedicated compliance officer
  • Central Bank Support Documentation
  • Customization and Development

User Satisfaction

We realize that when you make a decision to buy Identity Management Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and BASIS ID reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with BASIS ID. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

POSITIVE SOCIAL MENTIONS

234

NEGATIVE SOCIAL MENTIONS

13

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Technical details

Devices Supported
  • Web-based
Language Support
  • English
Pricing Model
  • Monthly payment
Customer Types
  • Small Business
  • Large Enterprises
  • Medium Business
Deployment
  • Cloud Hosted

What Support Does This Vendor Offer?

  • EMAIL
  • PHONE
  • LIVE SUPPORT
  • TRAINING

What are BASIS ID pricing details?

BASIS ID Pricing Plans:
Free trial
Starter
$2/user/month
Scale
$5/user/month

BASIS ID offers the following basic and enterprise pricing options:

Starter – $2/user/month

  • Verification of Identity documents verification
  • Liveness check and Biometrics
  • GDPR consent widget
  • Privacy Policy & Cookie Policy Documents
  • Fraud Detection
  • Blacklists and Sanctions Screening
  • AML Risk Scoring
  • Phone verification
  • Address Validation
  • Ongoing Monitoring

Scale – $5/user/month

  • All Starter features and add-ons
  • Total legal responsibility
  • Bulk uploading and verification
  • Dedicated compliance officer
  • Central Bank Support Documentation
  • Customization and Development

What integrations are available for BASIS ID?

BASIS ID integrates with the following business systems and applications:

  • Nexmo.com
  • Xfers.com
  • SingPost
  • Thomson Reuters
  • Experian
  • Crystal by BitFury

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